Reliance Retail Ventures has acquired a 51% stake in Mothercare’s India operations for 16 million pounds, while Mothercare retains 49%. This deal consolidates brand ownership and intellectual property under the India unit, helping Mothercare address its financial challenges and expand in South Asia.
Related Posts
Last-minute travel plan for a year-end foreign holiday? Here’s a list of visa-free destinations
The year-end travel surge sees Indian tourists benefiting from simplified visa processes in over 50 countries. Destinations like Thailand, Seychelles, Hong Kong, Malaysia, and Turkey […]
Wall Street holds near records after Fed delivers a big cut to rates
Wall Street hovers near record highs as the Federal Reserve initiates a significant interest rate cut to stave off a recession. The S&P 500 remains […]
India secures $386 billon funding for renewable energy expansion by 2030
India has secured $386 billion from financial institutions to increase its renewable energy capacity by 2030. Union minister Pralhad Joshi highlighted commitments from states, developers, […]